Why it can pay to delay when you start drawing your UK state pension

Why it can pay to delay when you start drawing your UK state pension

For every nine weeks you delay your pension goes up by about 1%, but for some it could end up costing them more

UK state pensions: are older retirees getting a bad deal?

You can boost your weekly state pension by delaying when you start to draw it. For some people this will represent a very good deal – but it all depends on how long you live for once you start receiving it.

We each have a date from which we can claim our state pension. Once we do, we can receive a weekly sum based on our national insurance contributions and the level of the state pension at the time.

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